Up more than 30% in two months. Should I buy this FTSE 250 stock as it recovers? - The Motley Fool UK

3 min read
fairly easy
This FTSE 250 company has a strong cash balance, decent cash flow and signs of improvements in revenue. The shares are well up, so should I join the party?
FTSE 250 recruitment company Hays (LSE: HAS) looks like a decent business to me. One of the positives is the firm's net cash position on the balance sheet.

In today's second-quarter trading update, the company said it had £380m of net cash on 31 December 2020, up from just over £13m a year earlier. And the directors reckon cash collection from clients has "remained strong", despite the ravages of the pandemic.

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However, the company raised a gross £200m in a placing last spring to make sure it could survive the Covid-19 crisis. And there's no doubt its international operations have been hit hard by the pandemic.

Revenues well down and shares up

Today's numbers revealed the ongoing carnage. Overall fees dropped by 19% in the…
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